Tue, Mar 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

CFTC charges two commodity firms with fraud

Thursday, August 30, 2012

Bailey McCann, Opalesque New York: The Commodities Futures Trading Commission (CFTC) has charged two commodities firms - one in Texas and another in California with fraud. The regulator has charged Jonathan Hansen of Pearland, Texas, and his company, J. Hansen Investments, LLC (JHI), with fraudulently soliciting and accepting more than $1.1 million from the public in a commodity pool scheme. In a separate action, the CFTC also charged Marc Perlman of Rancho Cucamonga, Calif., and his firm, iGlobal Strategic Management, LLC (iGlobal) with operating a commodity pool Ponzi scheme that fraudulently solicited and accepted at least $670,000 from at least 17 people — largely persons from the deaf community. Perlman was a principal and officer of iGlobal, and neither defendant has ever been registered with the CFTC.

In the Hansen case, a judge in the U.S. District Court for the Southern District of Texas, has issued a restraining order freezing Hansen's assets and prohibiting the destruction of any books and records at the firm. A trial has been set for September 6, 2012. According to the complaint, from at least April 2009 through January 2012, Hansen and JHI fraudulently solicited and accepted approximately $1,117,160 from at least 10 members of the public to trade E-Mini S&P 500 futures contracts in a commodity pool he operated. Of the amount received from participants, Hansen allegedly transferred approximately $134,965 to his personal or JHI’s futures trading accounts, ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He